45 LaSalle Road # 860,521. 8400
hooker & bolcombe West Hartford, CT 06107 F860. 521.3742 hheonsultants.com
November 8, 2018
Mr. David G. Fredette
Treasurer
City of Nashua
229 Main Street
Nashua, NH 03061
Re: Pension Administration Services - Terms of Engagement
Dear Dave:
Thank you for selecting Hooker & Holcombe, Inc. to provide pension administration services to the City
of Nashua. This letter agreement sets forth the terms of our engagement and the nature and limitations
of the services we will provide to you unless we otherwise mutually agree in writing.
Services to be Performed: See the attached “Schedule of Services.”
Scope Limitations: This engagement cannot be relied upon to disclose errors, irregularities, or illegal
acts, including fraud or defalcations, which may exist with respect to your pension and other retirement
plans covered by this letter agreement and the services we provide pursuant to the Schedule of
Services. We will inform you of any such matters that come to our attention.
Fees and Expense: The fees and expenses for our services are as follows:
A. Professional Fees. The Schedule of Services sets forth the fees for our services. Except where
the Schedule of Services provides otherwise, our fees for professional services will be based on
the time expended at our current hourly rates, which are subject to change periodically, usually
on an annual basis. Our 2018 hourly rates are:
# Consultants/Actuaries $260 - $450
# Analysts/Technicians $150 - $260
= Support $100 - $160
B. Direct Expenses. In addition to our professional fees, we will bill you for any expenses we pay
to others on your behalf and for other costs we incur that are customarily paid by each client on
an "as-used" basis, such as copier charges for ncn-incidental copying, courier and expedited
delivery services, and travel expenses. If a disbursement is expected to exceed $1,000, we may
ask you to fund it in advance.
C. Taxes. We understand that our services would be exempt from Connecticut state sales tax. If
any state sales tax (or similar tax) is or becomes applicable, it will be charged in addition to the
above fees.
